Obama friend Deval Patrick joins Bain Capital, founded by Romney

April 14, 2015 1:03 PM

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Former Massachusetts governor Deval Patrick is joining Bain Capital, the private equity firm founded by Mitt Romney that was disparaged by President Obama and Democrats in the 2012 presidential election.

Patrick, a close Obama friend, succeeded Romney as Massachusetts governor and left office in January after eight years. He will help Bain raise money for a new fund that focuses on socially positive investments, according to reports in The Boston Globe and The New York Times.